The Nationals have exercised left-hander Gio Gonzalez’s club option for 2017 and declined right-hander Yusmeiro Petit’s, the team announced. Gonzalez will earn $12MM next season, while Petit will hit the open market after receiving a $500K buyout from the Nats.

After logging ERAs ranging from 2.89 ERA to 3.79 in each season from 2010-15, Gonzalez allowed runs at a 4.57 clip per nine innings this year. Picking up Gonzalez’s option was a no-brainer in spite of that, though, especially given that the Nats could take advantage of a weak free agent market and use the 31-year-old as trade bait. Despite his bloated ERA, he still posted solid strikeout and walk rates of 8.68 and 2.99, and generated ground balls at a 47.6 percent clip. Gonzalez threw 177 1/3 innings, his highest total since 2013, and his $12MM club option for 2018 will vest if he manages to rack up 180 frames next season.

Like Gonzalez, Petit took a step back this year, but his was damaging enough for Washington to pass on him at an inexpensive cost for 2017. Petit’s 7.11 K/9 and 2.18 BB/9 aren’t far from his career averages, and he set a career high with a 41.5 percent grounder rate, but his 4.50 ERA across 62 innings is the worst figure he has put up since 2009. Left-handed hitters caused most of the damage this year, teeing off on Petit with a .269/.336/.588 line. He was far more effective against right-handers (.267/.295/.403) and will now try to catch on elsewhere as a bullpen option.

It’s been a little more than a month since we last checked in on the vesting options from around the league. Here’s where this year’s collection of players with vesting options for the following season stand…

Coco Crisp ($13MM option vests at 550 plate appearances or 130 games played in 2016): Crisp was hitting .234/.304/.405 at the time of my initial look at this group of players, but his bat has gone in the tank since that time. The 36-year-old switch-hitter has batted just .212/.235/.343 in 102 plate appearances since that time, but he’s continued to see playing time in part due to injuries elsewhere on the roster (Josh Reddick, Mark Canha). Crisp is still on pace to come in a bit shy of that 550 PA mark, and it wouldn’t be a surprise to see a reduced role upon Reddick’s return to health, as the A’s probably don’t love the idea of paying him $13MM for his age-37 campaign when he’s struggling to this level in 2016.

Matt Holliday ($17MM option vests with Top 10 finish in MVP voting): Holliday is having a strong season, as he’s proven that the power outage he experienced last season was more anomaly than a portent for significant decline. However, he’s hitting .257/.332/.478 — numbers that help the Cardinals but won’t make him a factor in MVP voting barring a mammoth finish to the 2016 season.

Chris Iannetta ($6MM option vests with 100 games started in 2016): Iannetta has already started 55 games for the Mariners this season, making it seem very likely that he’ll be around in Seattle for the 2017 campaign as well. He hasn’t set the world on fire in his first year with the Mariners, but he’s hitting .237/.337/.395, which translates to an OPS+ of 104 and a wRC+ of 105. (Put another way: he’s been about four to five percent above the league-average hitter after adjusting for his pitcher-friendly home park.)

Yusmeiro Petit ($3MM option vests with 80 innings pitched in 2016): At last check, Petit was on pace to see his option vest, but he’s been used very sparingly in the month of June, totaling just six innings thus far after combining for 26 innings in April and May. Given his status as a multi-inning reliever, he could pick up some additional innings in a hurry, but as it stands, he’s behind pace to see that payday locked in automatically. Of course, he’s also posted a 2.81 ERA in those 32 innings, so the Nats may simply pick up his option even if it doesn’t automatically trigger. To this point, he’s pitched well enough that it seems like a fairly easy call.

CC Sabathia ($25MM option vests if he does not end season on DL with shoulder injury or miss 45+ games in 2016 due to shoulder injury): Sabathia’s option seems likely to vest, as his shoulder has remained healthy this season. However, what once looked like an egregious overpay can perhaps be seen in a different light for the time being. While few would argue that the Yankees shouldn’t mind paying Sabathia that sum in 2017, his contract looks considerably better than it did last year. The former Cy Young winner has made 11 starts this season and has posted a resurgent 2.20 ERA with 7.7 K/9 against 3.7 BB/9. Sabathia has benefited from some good fortune in terms of homer-to-flyball ratio and strand rate, but this is the best he’s looked since 2012.

Kurt Suzuki ($6MM option vests with 485 plate appearances in 2016): Suzuki’s overall production this season has been well below average, but since the last of these updates he’s batting a considerably improved .268/.297/.394 with a pair of homers in 74 PAs. That’s a bit better than the league-average catcher, but the Twins still don’t seem inclined to allow his option to vest. Suzuki has totaled just 158 plate appearances this season even with John Ryan Murphy, his projected replacement, floundering in the Majors and getting optioned to Triple-A (where his struggles have continued). Journeyman Juan Centeno is getting some time behind the dish as well (61 PAs) for the Twins as well. It seems unlikely that Minnesota will allow Suzuki to average 3.5 PAs per game over the final 93 contests after he’s averaged just 2.3 per game thus far.

As noted in the original update, both Nick Swisher and Michael Bourn had vesting options for the 2017 season as well, but those options were negated when each was released from the four-year contracts they initially signed with the Indians.

Each year, the free-agent class is impacted by the performance of players with vesting options (as is the financial future of players with said provisions in their contract). For those unfamiliar with the option, a vesting option is typically a club option that can automatically trigger based on the player’s health and/or performance. Meeting pre-determined criteria for games played, innings pitched, plate appearances, etc. are the most common means of triggering vesting options, though as you’ll see below, there have been some more creative approaches to vesting options in the past as well.

We’ll check in on these players periodically throughout the season, and here’s the first look…

Chris Iannetta: The Mariners hold a $4.25MM club option over Iannetta for the 2017 season, but that option can also vest at $6MM if Iannetta starts 100 games in 2016 and does not finish the season on the disabled list due to an injured hip, back or right elbow. Having started 30 of the Mariners’ first 39 games, Iannetta is on pace to clear the 100 start threshold with ease, and if he can continue to post an OPS in the mid-.700s, the Mariners probably won’t mind having him back for another season at that price. One factor that could throw a wrench into his playing time: Mike Zunino is demolishing Triple-A pitching thus far, batting .305/.357/.580, though the former first-round pick has cooled off considerably in the past two weeks.

Kurt Suzuki: Another backstop with a $6MM vesting option, Suzuki needs to reach 485 plate appearances in 2016 for that option to trigger. The big 2014 first-half that earned Suzuki that extension never seemed sustainable, and he has batted just .242/.294/.330 since signing the deal. The Twins probably don’t want to see this one vest, as evidenced by the fact that he’s on pace for 349 plate appearances, which would be his lowest total since signing in Minnesota.

Matt Holliday: The 36-year-old Holliday has a $17MM club option for the 2017 season that automatically vests if he places within the Top 10 of this season’s NL MVP voting. Holliday isn’t the hitter he once was, and even in his best years with the Cardinals, he (somewhat surprisingly) never landed inside the Top 10 in NL MVP voting. At 36 years of age and off to a good but unspectacular .250/.325/.485 start to the season, it seems safe to assume that his option won’t vest. The club will have the choice of exercising the option or paying Holliday a buyout of $1MM.

Coco Crisp: Crisp, also 36, has a more complicated vesting option tacked onto his two-year, $22MM deal. The option is valued at $13MM and will automatically kick in if Crisp receives 550 plate appearances or appears in 130 games this season. The option initially could also have vested based on combined playing time from 2015-16 (1100 PAs from 2015-16 or 260 games from 2015-16), but Crisp spent most of the 2015 campaign on the DL, so he’ll have to hope to trigger the option based solely on his 2016 health. He’s appeared in 31 of Oakland’s 41 games and picked up 126 plate appearances, so he’s a bit shy of the pace for either threshold. Clearly, though, there’s still plenty of time to make up ground. He’s batting .234/.304/.405.

Yusmeiro Petit: The one-year, $3MM contract signed by Petit this winter came with a $3MM club option ($500K buyout) that vests if Petit reaches 80 innings pitched. Petit has occupied a role similar to the one in which he thrived for a few years as a member of the Giants’ bullpen, and he’s picked up 21 innings through the Nationals’ first 40 games. If that pace holds, he’ll indeed clear 80 innings and see that salary lock in. With a 1.71 ERA and 3.28 FIP through his first 21 frames, the Nats probably wouldn’t mind that at all.

CC Sabathia: The 35-year-old Sabathia’s vesting option is tied to the health of his shoulder. He’ll lock in a $25MM salary for the 2017 campaign if he doesn’t end the 2016 season on the DL due to a shoulder injury or spend 45+ days on the DL this year due to a shoulder injury. Sabathia is currently on the disabled list, but it’s due to a groin injury, so it doesn’t impact the option’s status. While he’s certainly no longer an ace, Sabathia did have a 3.81 ERA through his first five starts of the season, though his strikeout and walk numbers weren’t particularly encouraging.

It’s perhaps worth noting, as well, that both Michael Bourn and Nick Swisher had vesting options for the 2017 season worked into the four-year deals they originally signed with the Indians. However, with each player having been released from that contract and signing new deals (with the D-backs and Yankees, respectively), those options are no longer in play. (The lack of playing time for each player this season would’ve made them a non-issue anyhow.)

Yusmeiro Petit chose to sign with the Nationals because they’re “always in contention,” he told James Wagner of the Washington Post. Petit added that his familiarity with catcher Wilson Ramos — a teammate from the Venezuelan Winter League — and the fact that he knows backup catcher Jose Lobaton also played a part in his decision. Petit spoke with Wagner about how he’s managed to succeed over the past three seasons despite his lack of velocity, working to keep his wind-up and delivery short to hide the ball from batters. The longtime Giants hurler said he had a feeling he might be non-tendered in San Francisco just because of how little he was utilized late in the season. He will most likely assume a similar role to the one he had in San Francisco, although Petit tells Wagner he’ll be ready if the Nationals need help at the back of their rotation.

Here’s more from Wagner’s piece and from the rest of the division…

Prior to signing Petit, the Nationals tried to work out a deal with former Nat Craig Stammen, whose 2015 season ended due to surgery to repair a torn flexor tendon, Wagner reports. However, Washington was only comfortable offering Stammen 80 percent of what he made last season, which would represent the maximum a player’s salary can be cut in arbitration. The proposed deal included incentives to boost Stammen’s salary, but the two sides couldn’t reach a deal, and Stammen was ultimately non-tendered. MLBTR’s Zach Links reported earlier this month that Stammen is said to be 100 percent recovered from the operation.

Joel Sherman of the New York Post recently attempted to peg the value of the Mets’ excellent rotation by estimating what each would receive on the open market at present. Despite the fact that much of the group is lacking in experience, Sherman estimates that the combination of Jacob deGrom, Matt Harvey, Noah Syndergaard, Steven Matz and even Zack Wheeler, who is recovering from Tommy John surgery, could collectively earn one billion dollars. While that sounds outlandish, Sherman ran the number by six different executives from around the league, including GMs and scouting directors, and none refuted the notion. As Sherman points out, teams like the Red Sox have spent in excess of $130MM on Cuban talent (Yoan Moncada and Rusney Castillo) despite not knowing how immediately either would contribute in the Majors; as such, he hypothesizes that it’s not unreasonable that a team would submit a nine-figure bid even to Matz, despite the fact that he’s started just nine games in the Majors. While the exercise is entirely hypothetical, it’s still an interesting concept to think about. And, more interestingly, it raises the question of whether the Mets should be willing to part with one of their starters to fill holes elsewhere on the roster. In a market that is paying starting pitchers extremely aggressively, Sherman notes, New York’s starters have nearly unprecedented value. He points to the Braves’ return for Shelby Miller and notes that most of the Mets’ rotation is more controllable and, in some cases, younger than Miller.

In his latest Marlins inbox, MLB.com’s Joe Frisaro tackles multiple trade-related questions, including one on ace Jose Fernandez. While the 23-year-old’s name has come up often in rumors recently, Frisaro writes that the Marlins’ hope is still to retain Fernandez and add pitching help around him. He quotes team president David Samson: “There is no rift with Jose. He wasn’t available for trade, but people still came to us, and we were OK with that, because you never know, someone may have an idea that you didn’t think of. But it just didn’t happen. I don’t see it happening.”

Frisaro also notes that the Marlins are hoping to add a free-agent starter that they can pay around $11MM in 2016. Miami could, of course, sign a pitcher to a contract with a larger annual value and backload the deal, though there are also pitchers on the market that figure to sign for an annual value in that range. Frisaro lists Ian Kennedy and Doug Fister as seemingly speculative fits, although Miami has previously been connected to Kennedy this offseason.

Blue Jays president Mark Shapiro says that righty Drew Hutchison has attracted trade interest from numerous teams, Ben Nicholson-Smith of Sportnet tweets. The Blue Jays expect Hutchison to rebound from a tough 2015 campaign. In a full article on the topic, however, Nicholson-Smith notes that the Blue Jays aren’t necessarily looking to deal Hutchison, who remains relatively cheap and should provide valuable depth next season.

Nicholson-Smith does explore the reasons there’s a market for Hutchison, who pitched 150 1/3 innings in 2015 and posted an ugly 5.57 ERA. Jeff Samardzija just got a $90MM contract after a 4.96 ERA season, demonstrating clearly that teams increasingly rely on scouting reports and advanced stats more heavily than traditional stats. Hutchison’s 2015 peripherals (7.7 K/9, 2.6 BB/9, 39.6% ground ball rate) weren’t outstanding, but they were much better than his ERA was, so teams might see him as a buy-low candidate. Hutchison is also young, at 25, and has made 60 starts in the past two seasons.

Further down, Nicholson-Smith notes that, in addition to potentially keeping Hutchison, the Blue Jays are looking for mid-range options to improve their pitching staff. They could attempt to improve their rotation depth by adding pitchers who could also pitch out of their bullpen, and along those lines, they’ve been in touch with representatives of Joe Blanton and Craig Stammen recently. They were also in discussions with Yusmeiro Petit, although Petit now has a deal in place with the Nationals. They’ll also look to fill out their rotation at Triple-A Buffalo via trades or non-roster invites or by optioning pitchers from the Majors.

11:57pm: The deal between the Nationals and Petit is in place, a source tells MLBTR (links to Twitter). He’ll earn a $3MM guarantee on a one-year deal, taking home $2.5MM in 2016 plus a $3MM club option for the 2017 season that comes with a $500K buyout and vests upon reaching 80 innings pitched.

8:04pm: Joel Sherman of the New York Post reports that the Nationals have reached a one-year deal with right-hander Yusmeiro Petit, who was recently non-tendered by the Giants. A source tells MLBTR, though, that while an agreement is in indeed close, there’s still no deal in place.

Petit, who just turned 31, has spent the past four years with San Francisco where he’s worked to a combined 3.66 ERA with 8.8 K/9 against 1.9 BB/9 while splitting time between the rotation and the bullpen. He’ll give the Nationals an option for the final spot in their rotation or could also be deployed in a multi-inning relief capacity — a role in which he thrived with the Giants. While Petit doesn’t throw particularly hard, averaging about 88 mph on his fastball, he’s nonetheless generated above-average swinging-strike rates over his tenure with the Giants, though he took a step back in that regard last season.

Petit is perhaps best-known for setting a Major League record in 2014 when he retired 46 consecutive batters over the course of the summer, narrowly eclipsing Mark Buehrle’s previous record of 45 straight. The Nats know Petit well, as he cemented himself in San Francisco lore by delivering six shutout innings of relief with seven strikeouts in Game 2 of the 2014 NLDS against the Nationals — an 18-inning marathon affair in which Petit was credited with the win.

Also from Baggarly’s piece, he notes that while the Giants were indeed interested in Joakim Soria, they were far from a “finalist” for his services. The bullpen is not an area of major concern for San Francisco and they were simply doing due diligence on Soria due to good evaluations. Soria ended up agreeing to a deal with the Royals yesterday.

Giants GM Bobby Evans told reporters (including Baggarly) that the team wasn’t ruling out bringing Yusmeiro Petit or Hector Sanchez back after the two were non-tendered last week. Petit’s non-tender was a bit of a surprise given his very solid work in three seasons as a swingman with the Giants, but Evans explained that “there could be a scenario where we sign a second starter and that could move Chris Heston into a long man role. We don’t know that yet. So to tender Yusmeiro at that point would have been predetermining who our long man is and we weren’t quite ready to do that.”

The Athletics need to move fast if they intend to sign Sonny Gray to an extension, Susan Slusser of the San Francisco Chronicle writes. This winter may be the last chance the A’s have to lock Gray up beyond their remaining four years of control while his price tag is still manageable. That said, “manageable” will still be a huge commitment for the low-payroll Athletics, though trading him or letting him walk in free agency would also come at a cost to the team’s hopes to contend. Extending Gray is “the most important thing they could possibly do if they’re in it to win it,” an AL scout tells Slusser. “If you’re building for the long run, that’s what they have to do. You’ve got to try to develop and keep top-end starters, and if you can’t develop it, you have to hit a home run in a trade. At his age? Yeah, you need to sign Sonny Gray through at least two years of free agency, maybe even three.” Oakland management has reiterated several times over that it has no plans to trade Gray, despite interest from several teams.

From Gray’s perspective, he tells Slusser that he “wouldn’t mind staying in Oakland a long time….I’ve talked about it with my agent, and I’d definitely be comfortable staying there. And if I don’t, there’s nothing wrong with that, either. If I get to the point where I’m in that position, it’s kind of a win-win situation.”

Free agent righty Mark Loweis “in active talks with multiple teams” and could be nearing a decision, ESPN.com’s Jerry Crasnick reports on Twitter. The Mariners have some interest in a reunion, tweets MLB.com’s Greg Johns, though as he notes it’ll take much more than the minor league pact that brought Lowe to Seattle last winter.

Here’s the latest pitching chatter around the league:

The Red Sox are receiving interest in starters Wade Miley and Joe Kelly as well as Clay Buchholz, Crasnick reports on Twitter. Boston is prepared to “listen to trade pitches” on their arms. Jon Heyman hears the same and notes that the club is interested in adding relievers. (Twitter link.)

The Orioles will likely add another pen arm even if they wrap up a deal with Darren O’Day, Crasnick tweets. One possibility is southpaw Tony Sipp, per the report, who figures to draw rather wide interest.

Speaking of O’Day, the key point of separation between the Orioles and Nationals has been Baltimore’s willingness to guarantee a fourth year, Dan Connolly of the Baltimore Sun reports on Twitter. The Nats were offering a better AAV, but only over three years.

The Mets are “keeping an eye” on the top of the still-available relief market, per assistant GM John Ricco (via ESPN.com’s Adam Rubin, on Twitter).

Some in the Braves organization believe that the team ought to hold onto Shelby Miller, MLB.com’s Mark Bowman reports. Atlanta is asking both for a young, “impact bat” as well as a “Major League-ready starting pitcher” in trade talks, per the report.

We’ll run down the list of National League non-tenders here, and update it as reports come in.

Pre-arb outfielder Eury Perez was non-tendered last night by the Braves, MLB.com’s Mark Bowman reports on Twitter. The 25-year-old could, in theory, have served as Michael Bourn’s backup in center, but it appears that Atlanta will look for an alternative.

The Rockies won’t tender contracts to left-handers Yohan Flande or Jason Gurka for the 2016 season, per a club announcement. The team also announced that outfielder Rosell Herrera will be non-tendered. Flande, 29, is the most experienced arm of the bunch, having soaked up 127 1/3 innings for Colorado over the past two seasons, albeit with a 4.95 ERA.

The Dodgers announced that they’ve non-tendered righties Juan Nicasio and Lisalverto Bonilla. Nicasio is a mild surprise considering the fact that he logged a 3.86 ERA with a robust 10.0 K/9 rate and a 2.83 FIP in 2015. However, he also averaged 4.9 walks per nine innings and had what was almost certainly unsustainable luck in terms of home runs, yielding just one big fly in 58 1/3 innings. The hard-throwing righty should garner some interest on the free-agent market.

The Marlins announced that they’ve non-tendered Aaron Crow, who missed the 2015 season due to Tommy John surgery. The team also formally announced its previously reported decision to non-tender Henderson Alvarez (more on that controversial decision here).

The Nationals will not tender right-hander Craig Stammen a contract for the 2016 season, per a club announcement. He missed nearly the entire season due to a pair of torn tendons in his right forearm that required surgery.

Earlier Updates

The Cubs announced that right-hander Ryan Cook has been non-tendered. An offseason waiver claim, Cook never suited up for Chicago. The former All-Star setup man yielded an astounding 18 earned runs in just 8 2/3 innings this season between Oakland and Boston.

The Giants have also non-tendered backup catcher Hector Sanchez, per a club announcement, which additionally confirmed Petit’s non-tender.

The Giants will non-tender right-hander Yusmeiro Petit, MLBTR’s Steve Adams reports (Twitter link). The right-hander has recorded a solid 3.66 ERA with 8.8 K/9 and 1.9 BB/9 across 245 2/3 innings for the Giants over the past four seasons while spending time in both the rotation and the bullpen. Ken Rosenthal of FOX Sports tweeted that Petit was offered to at least one other club in a trade, but clearly nothing materialized, as he’ll now hit the open market in search of new club.

The Brewers announced that they’ve non-tendered utilityman Elian Herrera. The 30-year-old was not yet arbitration eligible, but Milwaukee clearly preferred to keep the rosters spot open. Herrera hit .242/.290/.395 last season in a career-high 277 PAs, and GM David Stearns has interest in retaining him on a new minor league deal, tweets Tom Haudricourt of the Milwaukee Journal-Sentinel.

The Reds will not tender contracts to righty Ryan Mattheus, outfielderRyan LaMarre, or righty Pedro Villarreal, C. Trent Rosecrans of the Cincinnati Enquirer reports on Twitter and the club has since announced. Of those players, only Mattheus was eligible for arbitration. The 32-year-old, who threw 55 innings and posted a 4.09 ERA last year, projected for a $1.3MM salary. LaMarre, 27, just cracked the MLB roster last year but spent most of the year at Triple-A. Villareal, also 27, notched a solid 3.42 ERA in his fifty frames in 2015, but his strikeout rates fell and ERA estimators did not smile upon the quality of his contribution.

As was the case with several other eliminated clubs, three key Giants figures addressed the media today, as Alex Pavlovic of CSNBayArea.com was among those to report. CEO Larry Baer, GM Bobby Evans, and manager Bruce Bochy all offered comments as the club looks ahead to the offseason.

The one unmistakable theme of the day was pitching, says Pavlovic. Evans explained that the team would “be open-minded” as it approached a market full of rotation options. There is “mutual interest” between the team and deadline acquisition Mike Leake, said Evans, who noted that “the timing may not be as quick as we would both like.” It isn’t clear what other arms may hold appeal, and the brass declined to indicate whether it would be active at the top of the market. Ultimately, the GM indicated that he’ll consider creative options, and left open the possibility that Chris Heston could continue in a starting capacity, which would leave only one spot to fill. Regardless, it’ seem a good bet that the club will look to add at least two starting-capable pitchers.

Payroll, of course, is always a huge factor, and Baer indicated that it will continue to move up in moderate fashion, as Andrew Baggarly of the Mercury News tweets. Baer didn’t give much in the way of clues as to how much cash could go to free agent pitching, but did make clear that the team would canvas the market “exhaustively” and would look for the “right fit” above all else, per Henry Schulman of the San Francisco Chronicle (Twitterlinks).

Looking further down the line, Evans offered significant praise for 22-year-old righty Clayton Blackburn. He “turned a corner” this year, said Evans, and joins a group of other younger arms as near-future rotation options.

Center fielder Angel Pagan will undergo a minor knee surgery with hopes of setting himself up for a fully healthy 2016 season. Evans’ comments suggested that Pagan is viewed as an everyday option. He said that he didn’t see the veteran moving to a corner role and noted that it would be “a lot to ask” of youngster Kelby Tomlinson to slide into platoon duty in center given his relatively recent introduction to outfield play.

Nori Aoki’s $5.5MM does not represent an easy decision for San Francisco, according to Evans. “It will be a close call,” said the GM. “We’re not ready to [make the decision] right now.”

The club has also yet to decide what to do with reliever Yusmeiro Petit. Evans called it “a hard choice to make if we decide to do anything different than tender” him in arbitration, but he’ll be building off of a $2.1MM salary. Skipper Bruce Bochy noted that the bullpen could use some reinforcement.

It is expected that the signing of outfielder Eddy Julio Martinez will be made official in the near-term, with Evans confirming the sides have an agreement. Evans indicated excitement over the ability to add the young Cuban player, who he suggested could one day man center for the club (via Henry Schulman of the San Francisco Chronicle, on Twitter).